Akbank TAS (STU:AKB2)

Q2 2025 Akbank TAS Earnings Call Transcript

Jul 29, 2025 / 10:59 AM GMT

Release Date Price: €2.58 (+4.03%)

Transcript

Key Points

Positve

Akbank TAS (IST:AKBNK) reported a 3% year-on-year increase in net income for the first half, reaching 24,852 million, with an ROE of 20.1% and ROA of 1.8%.
Revenues increased by 39% year-on-year to 96,828 million, driven by a robust 60% growth in fee income.
The bank maintained a strong capital and liquidity position, with capital levels and liquidity providing flexibility and optionality.
Akbank TAS achieved a superior fee to operating expense ratio, with fees covering 100% of costs in the second quarter.
The bank's securities portfolio grew by 15% year-to-date, with a focus on long-duration, high-yielding securities, supporting margin resilience.

Negative

The anticipated margin expansion was postponed due to a sharp rise in funding costs, leading to a revision of full-year guidance.
Net interest margin guidance was revised downward due to unexpected monetary tightening and a pause in the rate cut cycle.
The bank's Turkish time deposit market share fell short due to funding optimization and regulation-driven low loan-to-deposit ratios.
The swap-adjusted net interest margin contracted by 35 basis points in the second quarter, reaching around 2%.
Elevated reserve requirements continued to pressure margin evolution, with reserve requirements making up a significant portion of assets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AKBNK.IS - Akbank TAS
Q2 2025 Akbank TAS Earnings Call
Jul 29, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Dear friends, this is Khan speaking.

Thank you for joining our 2nd quarter earnings call.

Now, before going deeper into the domestic outlook, I'd like to briefly touch upon the global backdrop and its repercussions.

The global economy is facing various challenges, mainly characterized by elevated level of uncertainty pertaining to trade policy and their potential impact on growth and inflation.

Besides fiscal concerns in advanced economies, particularly in the US and Japan, as well as geopolitical tensions have been major sources of volatility recently amplifying the lingering difficulties.

While financial markets are extremely sensitive to the news flow on tariffs and geopolitical tensions, recent positive

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